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Business News/ Technology / News/  Tim Cook commits to doubling jobs creation in India
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Tim Cook commits to doubling jobs creation in India

Apple plans to double the number of jobs created in India, building on the 100,000 generated in the past two years through manufacturing and other operations.
  • Apple is also exploring options to expand its manufacturing base in India and bring other product lines under the Make in India initiative.
  • Apple CEO Tim Cook met Prime Minister Narendra Modi on WednesdayPremium
    Apple CEO Tim Cook met Prime Minister Narendra Modi on Wednesday

    New Delhi: Apple Inc. plans to double the number of jobs created in India, building on the 100,000 it generated over the past two years through manufacturing and other operations as it reinforced its commitment to Asia’s third-largest economy in discussions with government officials, a person aware of the talks said.

    During a meeting with senior government officials on Wednesday, Apple chief executive Tim Cook sought policy predictability, help in developing supplier and component ecosystems, and manpower training as he discussed the company’s business plans in India, the person said, seeking anonymity.

    “Over 100,000 jobs have been generated in India. This will double soon. It’s going to be a long-term play. Apple is happy with the support that the government has extended. They’ve acknowledged the government’s role," the person added.

    As part of efforts to diversify its supply chain and reduce its reliance on China, Apple has boosted the production of iPhones and other products in other countries, such as India and Vietnam. The move comes amid geopolitical tensions and rising labour costs in China. By diversifying, Apple can ensure a stable supply of its products to world markets.

    Cook met with Prime Minister Narendra Modi, telecom and information technology minister Ashwini Vaishnaw and minister of state for electronics and information technology Rajeev Chandrasekhar.

    “Thank you, Prime Minister Narendra Modi, for the warm welcome. We’re committed to growing and investing across the country," Cook said in a Twitter post after meeting with the Prime Minister. In response, Prime Minister Modi said: “Glad to exchange views on diverse topics and highlight the tech-powered transformations taking place in India."

    Vaishnaw also tweeted about his meeting with Cook. “Discussed deepening Apple’s engagement in India across manufacturing, electronics exports, app economy, skilling, sustainability and job creation, especially for women. Jointly charting a long-term and strong relationship."

    Chandrasekhar tweeted: “We discussed deepening and broadening manufacturing, exports, skilling of youth, expanding app innovation economy and job creation."

    Apple is also exploring options to expand its manufacturing base in India and bring other product lines under the Make in India initiative, the person cited earlier said. The government has offered to support Apple’s manpower training needs by using its Gati Shakti University model to impart skills through Apple’s own courses and training programmes.

    The person said the government had ready models to showcase on the lines of existing training courses being conducted by Boeing and Siemens.

    Cook inaugurated India’s first Apple-owned store in Mumbai on Tuesday. He is expected to launch the second such store in Delhi on Thursday.

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    ABOUT THE AUTHOR
    Gulveen Aulakh
    Gulveen covers both corporate and economy, and policy sections of Mint. She also covers telecom, IT from the corporate side and disinvestment, finance ministry from the economy side. Gulveen finds the rare mix of sectors she covers to be incredibly interesting.
    Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
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    Published: 20 Apr 2023, 12:05 AM IST
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